The cryptocurrency company linked to President Donald Trump's family could soon receive a federal banking license that would allow it to operate with privileges similar to those of a regulated financial institution, a move that has drawn strong criticism from government ethics experts and Democratic lawmakers.

According to information published by ProPublica, World Liberty Financial, a firm co-founded by Trump and his sons Donald Jr., Eric and Barron Trump, applied for a national trust banking license with the Office of the Comptroller of the Currency (OCC) in January. Sources close to the organization consider it highly probable that the authorization will be approved.

What would Trump's company gain?

The license would allow World Liberty Financial to significantly expand its operations within the cryptocurrency market. Among other benefits, it could directly issue its USD1 stablecoin throughout the United States and process payments without depending on third-party financial intermediaries.

Additionally, federal authorization would allow the company to operate under national supervision, avoiding some of the state regulation that many companies in the sector currently face.

According to experts cited by the same organization, this approval could increase the company's credibility and strengthen its position in an industry where regulatory trust is key to attracting investors and large corporate clients.

Criticism arises due to possible conflicts of interest

The possibility of a company linked to the presidential family receiving a license granted by officials appointed by Trump himself has raised concerns among watchdog groups and transparency specialists.

“For the first time in history, a president is pressuring a banking regulator to give his private company the implicit backing of the federal government,” said Corey Frayer, director of investor protection at the Consumer Federation of America.

The White House has rejected the accusations. David Wachsman, a spokesman for World Liberty Financial, assured that there is no conflict of interest and maintained that Trump is not currently involved in the company's operations.

An increasingly profitable company

Founded in 2024, World Liberty Financial has become a major source of income for the Trump family. According to financial documents cited by ProPublica, the president reported profits of at least $57 million related to the company, although analysts estimate that figure could have increased considerably over the past year.

As the OCC prepares to make a decision, the case has become a new focus of debate over the relationship between the president's private businesses and the federal institutions charged with regulating them.